TDS Stock Dropping on Quarterly Results

NEW YORK (TheStreet) -- Shares of Telephone & Data Systems (TDS) are declining by 3.57% to $22.99 on heavy volume in late afternoon trading on Friday, after the company posted its 2015 fourth quarter results.

Before today's market open, the Chicago-based telecommunications company reported a loss of 1 cent per share, which was much narrower than the loss of 32 cents per share analysts' were expecting.

Revenue for the period was $1.27 billion, missing Wall Street's estimates of $1.32 billion.

TDS is the parent company of U.S. Cellular and TDS Telecom.

"U.S. Cellular completed deployment of its high-quality 4G LTE network, further enhancing its strong data capabilities," CEO LeRoy T. Carlson said in a statement.

"TDS Telecom successfully expanded its fiber and cable broadband networks. Both businesses generated improved financial results," he added.

About 1.59 million of the company's shares were traded by this afternoon, compared to its average volume of 793,976 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures.

As a counter to these strengths, the team also finds that the stock has had a generally disappointing performance in the past year.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: TDS

TDS Chart TDS data by YCharts

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